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    Flex Showroom & Warehouse Building Title is generated by Realmo AI

    627 - 623 Pine Street, Abilene, TX 79601

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    For Sale
    $450,000

    SINGLE_FAMILY - Abilene, TX

    Type:Office
    Lot size:
    0.16 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    97
    Last Refresh:
    Jun 7 at 2:06 pm

    Property Features for 627 - 623 Pine Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    25206
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    OT ABILENE TIF #1, BLOCK 107, LOT 10
    Tax Annual Amount
    2321

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Concrete
    Building materials
    Concrete
    Roof type
    Flat

    We can help!

    Listing Contact
    Tonya Harbin
    Tonya Harbin

    Listing agent Tonya Harbin License #0565908

    Listing office Real Broker, LLC. Dallas, TX

    Listing date Mar 2, 2026

    MLS# 21191471

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial building built in 1965 with concrete construction and a flat roof
    • Downtown Abilene location directly across from the Abilene Convention Center with strong street frontage
    • Divided into two functional sides, offering space for multiple businesses or expansion
    • One side includes a large showroom with picture windows, private office, second showroom, and warehouse with a restroom
    • Second side features two showrooms with new carpet, two offices, a kitchenette, restroom, and a large warehouse area
    • Public water and public sewer; central air with electric cooling and electric/central heating; parking lot included

    Overview

    This commercial property is arranged as two functional sides, offering flexibility for multiple businesses or a single operation that needs room to grow. One side features a large showroom with picture windows for natural light, a private office, a second spacious showroom, and a warehouse area with a restroom. The second side includes two generous showroom spaces with new carpet, two office spaces, a kitchenette, a restroom, and a large warehouse area suited for storage, distribution, or hands-on workspace needs. Newly painted parking spaces support convenient daily operations.

    Located in downtown Abilene with strong street frontage, the building sits directly across from the Abilene Convention Center, positioning it for strong visibility. The mix of showroom and warehouse improvements makes it well matched to businesses that rely on both public-facing space and practical back-of-house functionality.

    For tenants, buyers, or owner-operators, the property’s layout supports a range of uses, including retail or showroom activity alongside warehousing and office support. Its two-side configuration also creates a straightforward option for leasing out space or operating separate functions under one roof, without giving up operational independence between areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sodexo — 241 Pine St, Abilene, TX 79601
    • Haley Jo on the Go — 244 Pine St, Abilene, TX 79601

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.732057
    Latitude
    32.455202

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    FAQs

    What type of property is this?
    Flex space - A two-sided building with showroom, offices, and warehouse space designed for flexible multi-use operations in downtown Abilene.
    Where is this flex space located?
    The property is located at 627 - 623 Pine Street Abilene, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Commercial building built in 1965 with concrete construction and a flat roof; Downtown Abilene location directly across from the Abilene Convention Center with strong street frontage; Divided into two functional sides, offering space for multiple businesses or expansion
    (214) 202-7615
    We can help!
    Listing Contact
    Tonya Harbin
    Tonya Harbin
    Real Estate License ID: 0565908
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    627 - 623 Pine Street, Abilene, TX 79601
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